Just Elementary, Inc. » Entries tagged with "Line of Credit"
Using SBA 7(A) & SBA/CDC 504 loans for Working Capital, Equipment Financing, Real Estate Purchase, Debt Refinancing, Business Acquisition & More
A lack of access to financing can be a major impediment to rapidly growing a business. Qualifying for bank loans and financing is a tricky process. SBA loans are often viewed as an easy to get loan, but it is important to make sure you understand what the loans are for, and even more important to figure out which banks are interested in doing the loans for businesses in your industry. The Two primary types of … Read entire article »
Filed under: SBA
Three C’s to Qualifying For Bank Loans, Lines of Credit, Working Capital, Equipment Financing, Acquisition Financing and other Bank Financing
There are Three important keys to getting small business financing bank loans, whether it is in the form of a line of credit, working capital, equipment financing or even acquisition financing: Capital Capital is the up front funds the bank expects you to infuse into a business venture when applying for a bank loan. Banks refer to it as having “skin in the game.” If you don’t put up your share of the funds into a project, … Read entire article »
Filed under: SBA
Questions to ask a Bank about getting Small Business Financing, Lines of Credit, Loans & SBA Loans
If you are seeking Bank Financing for your small business in the form of a conventional loan, SBA loan, Line of Credit or some other financing, what are the questions to ask a bank to help you gauge the bank’s ability to come through for you? Here are three important questions to ask a bank when assessing the feasibility of procuring bank financing in the form of a loan or line of credit. Where is the … Read entire article »
Filed under: SBA
Financing Capital Expenditures
A big part of the success and value of a business is in the cash flow management. Which is significantly impacted by Capital Expenditure, commonly referred to as CapEx. Many businesses require a Capital Expenditure Investment in Equipment or other machinery (FF&E) that needs refreshing on a regular schedule. So, the question comes down to how to manage these expenses. Financial Reserve Account One option is to set aside a Financial Reserve on a yearly basis. Doing this is … Read entire article »
Filed under: Business Tips, Business Valuation
Basics of Applying for Lines of Credit, Working Capital & Business Acquisition Loans
Trying to get a Working Capital Loan, Line of Credit of Business Acquisition Loan? There are a lot of erroneous perceptions among business people about which facts, figures and terms are important in getting a loan and which bank to get loans from. If you are just starting out in business, one possible benefit from banking with a smaller community bank that is that you will be a bigger fish in a smaller pond, and you will … Read entire article »
Filed under: Business Tips, SBA
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